Tariff rate, most favored nation, simple mean, all products (%) in Cayman Islands
Cayman Islands: Tariff rate, most favored nation, simple mean, all products (%) was 20.9% in 2021. ▬ Flat
Tariff rate, most favored nation, simple mean, all products in Cayman Islands, 2016–2021
Source: Staff estimates. Measured in %.
Analysis
Cayman Islands recorded 20.9% for tariff rate, most favored nation, simple mean, all products in 2021. That is the lowest value across all 6 years on record.
That represents a change of down 1.5% on the previous year and down 1.3% over ten years.
That places Cayman Islands 4th out of 186 countries with data for 2021, putting it in the top 10%.
Tariff rate, most favored nation, simple mean, all products (%) in Cayman Islands, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 21.2% | — |
| 2017 | 21.2% | +0.3% |
| 2018 | 23.0% | +8.4% |
| 2019 | 25.3% | +9.7% |
| 2020 | 21.2% | -16.1% |
| 2021 | 20.9% | -1.5% |
Cayman Islands compared with similar countries
- Cayman Islands's 20.9% is above the median for high income countries, which is 5.2%, 4.0× the median. (66 countries reporting)
- Cayman Islands's 20.9% is above the median for Latin America & Caribbean, which is 9.9%, 2.1× the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 22.7% | 21.2% | 25.3% | 4 |
| 2020s | 21.1% | 20.9% | 21.2% | 2 |
Countries ranked near Cayman Islands
More private sector data for Cayman Islands
- Merchandise trade 26.4% (2024)
- Food imports 21.3% (2024)
- Manufactures imports 58.8% (2024)
- Merchandise imports 2.11 billion current US$ (2025)
- Commercial service imports 1.99 billion current US$ (2024)
- Food exports 3.8% (2024)
- Manufactures exports 26.0% (2024)
- Merchandise exports 25.00 million current US$ (2025)
- Commercial service exports 4.77 billion current US$ (2024)
- Merchandise exports (current US$), per capita 329.62 current US$ per person (2025)
Frequently asked questions
- What is tariff rate, most favored nation, simple mean, all products in Cayman Islands?
- Tariff rate, most favored nation, simple mean, all products in Cayman Islands was 20.9% in 2021, according to Staff estimates.
- What is the highest tariff rate, most favored nation, simple mean, all products recorded in Cayman Islands?
- The highest recorded value was 25.3% in 2019.
- What is the lowest tariff rate, most favored nation, simple mean, all products recorded in Cayman Islands?
- The lowest recorded value was 20.9% in 2021.
- How does Cayman Islands rank for tariff rate, most favored nation, simple mean, all products?
- Cayman Islands ranks 4th out of 186 countries with data for 2021.
- Is tariff rate, most favored nation, simple mean, all products rising or falling in Cayman Islands?
- Over the last ten years it is down 1.3%. The long-run trend across the full record is flat.
- Where does this Cayman Islands data come from?
- The figures come from Staff estimates, published as part of Tariff rate, most favored nation, simple mean, all products (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 6 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Simple mean most favored nation tariff rate is the unweighted average of most favored nation rates for all products subject to tariffs calculated for all traded goods. Data are classified using the Harmonized System of trade at the six- or eight-digit level. Tariff line data were matched to Standard International Trade Classification (SITC) revision 3 codes to define commodity groups.